Drewry's World Container Index decreased by 1% to $2,795 per 40ft container this week.
The composite index decreased by 1% to $2,795 per 40ft container this week and has increased by 64% when compared with the same week last year. The latest Drewry WCI composite index of $2,795 per 40ft container is 97% more than average 2019 (pre-pandemic) rates of $1,420.
The average composite index for the year-to-date is $3,333 per 40ft container, which is $626 higher than the 10-year average rate of $2,707 (which was inflated by the exceptional 2020-22 Covid period).
Freight rates from Shanghai to New York decreased 4% or $184 to $4,710 per FEU. Similarly, rates from Rotterdam to Shanghai dropped 3% or $27 to $767 per 40ft box. Likewise, rates on Shanghai to Los Angeles declined 2% or $70 to $3,634 per 40ft container. Also, rates from Shanghai to Rotterdam and Rotterdam to New York fell 1% to $3,050 and $2,224 per 40ft box respectively. While rates on Los Angeles to Shanghai increased 1% or $5 to $693 per 40ft container.
At the same time, rates from Shanghai to Genoa and New York to Rotterdam remained stable at the previous week's level. Drewry expects a minor decrease in Transpacific spot freight rates, whereas Transatlantic and Asia-Europe head towards stability in the coming weeks.
Source: drewry.co.uk